The challenge of tax simplification Reply


I would love to see tax simplification. I am a C.P.A. and have difficulty preparing my own return using a computer program! Real income tax simplification means moving to either a low flat tax rate or to significantly lower progressive tax rates with very few, if any, exemptions and deductions. Income from all sources would be taxed under the same rate structure. It we did that, there would need to be thousands of pages of transition rules … More…